Brazilian Aircraft Market to 'Nearly Triple' by 2032

Woodrow Bellamy III

International and domestic air travel demand will require the in-service fleet of aircraft in Brazil to nearly triple from 480 today to 1,324 by 2032, according to the latest Global Market Forecast update from Airbus.

Brazil's air traffic is expected to increase by 6.8 percent annually over the next 20 years, far exceeding the world average of 4.7 percent, Airbus said. The country represents 35 percent of all Latin America air traffic. Since 2000, international air traffic to Brazil has increased by 87 percent.

"More than 40 percent of South America’s long-haul traffic arrives through three Brazilian airports, including Guarulhos International Airport in Sao Paulo which is the number one international airport for long-haul traffic in Latin America," Airbus said.

Throughout the Latin America region, Airbus is forecasting a 20-year demand for more than 2,307 new aircraft valued at $292 billion.